John D. Schembre can do FHA work

John D. Schembre is LA state certified and on the FHA Roster of approved residential appraisers. We are qualified and approved to do appraisals for FHA insured financial transactions. We're trained and understand the rules and procedures in FHA's guidance and policy documents.

If your house loan is FHA insured, that means that the loan has been guaranteed by the Federal Housing Administration, which is part of the United States Department of Housing and Urban Development (HUD). The lending organization provides all the money in the loan; the FHA simply secures the transaction through mortgage insurance in case the borrower defaults on his or her loan. The FHA and their loan programs are designed to help low-to-moderate income purchasers help meet credit requirements if they otherwise would not.

Down payments are often lower with an FHA loan despite using conventional market rates. Purchasers with lower income or less starting funds to put down on a loan are helped the most from FHA loan programs.